HERSHEY CO (HSY) closed fiscal year 2025 with a gross margin of 33.5 % and a net margin of 7.6 %.
HERSHEY CO (HSY) closed fiscal year 2025 with a gross margin of 33.5 % and a net margin of 7.6 %. The same year shows an EBITDA margin of 16.6 % and an EBIT margin of 12.3 %. The free cash flow margin was 15.6 %. Against the previous year the gross margin moved −13.8 pp and the net margin −12.3 pp. Across the period the gross margin ranges between 33.0 % in 2007 and 47.3 % in 2024. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 32.98 % | 34.25 % | 38.75 % | 42.59 % | — | — | — | 44.95 % | 45.79 % | 42.60 % | 45.98 % | 45.89 % | 45.36 % | 45.42 % | 45.13 % | 43.18 % | 44.76 % | 47.32 % | 33.55 % |
| EBITDA margin (%) | — | — | — | — | — | 127.84 % | 85.50 % | 21.61 % | 17.36 % | 20.93 % | 20.96 % | 24.63 % | 23.63 % | 25.49 % | 26.29 % | 25.34 % | 26.70 % | 29.94 % | 16.64 % |
| EBIT margin (%) | — | — | — | — | — | 113.83 % | 74.34 % | 18.76 % | 14.05 % | 16.87 % | 17.48 % | 20.84 % | 19.98 % | 21.87 % | 22.78 % | 21.70 % | 22.94 % | 25.87 % | 12.33 % |
| Net margin (%) | 4.33 % | 6.07 % | 8.23 % | 8.99 % | 44.93 % | 44.06 % | 45.58 % | 11.41 % | 6.94 % | 9.68 % | 10.42 % | 15.11 % | 14.40 % | 15.69 % | 16.47 % | 15.79 % | 16.68 % | 19.83 % | 7.55 % |
| FCF margin (%) | 11.91 % | 5.01 % | 17.73 % | 12.73 % | 18.85 % | 55.74 % | 48.21 % | 6.38 % | 12.18 % | 10.00 % | 13.20 % | 16.32 % | 18.10 % | 15.44 % | 17.69 % | 17.36 % | 13.90 % | 17.19 % | 15.59 % |
